Internal Influences ON Corporate Objectives PDF

Preview

Summary

Lecture notes very detailed cases etc...

Description

INTERNAL INFLUENCES ON CORPORATE OBJECTIVES Business Ownership - who are the business owners and what do they want to achieve? Attitude to Profit - Is the business run to earn profits or it is not-for profit? Ethical Stance - Do ethics play a role in a business’ decision-making? Organisational Culture - How is the business structured? How are objectives set and decisions taken? Leadership - How strong is the influence of leadership in the business in terms of objectives and how decisions are made? Strategic position & resources - What options & choices does the business realistically have based on its existing market position & resources? Stakeholder influence How influential are internal stakeholders?

EXTERNAL INFLUENCES ON CORPORATE OBJECTIVES

EXTERNAL INFLUENCES ON CORPORATE OBJECTIVES Short-termism - External investor pressure to focus on and achieve short-term objectives at the expense of long-term strategy? Economic environment - Perspective on key economic indicators such as economic growth, consumer spending & interest rates? Political / legal environment - Impact of uncertainty about changes in the political & legal environment? Competitors - Do competitor actions & strategies shape what a business thinks it can achieve? Social & Technological change - How rapid is the pace of social & technological change in a business’ markets? Does this make objective-setting & decision-making easier or harder?...